European companies expected to report further fall in quarterly profits
LONDON (Reuters) – European companies are expected to report a 0.2% fall in profits year on year in the fourth quarter, according to I/B/E/S Refinitiv data, a smaller drop than previously expected but still on track for a year-long earnings recession.
Companies listed on the pan-European STOXX 600 index had been expected last week to report a 0.6% drop, according to I/B/E/S Refinitiv. The decline would mark the fourth straight quarter of falling profits.
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